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Auto ancillary stock jumps 3% after company’s net profit increased by 16% YoY

Auto ancillary stock jumps 3% after company’s net profit increased by 16% YoY

Auto Ancillary stock engaged in the business of manufacturing Agriculture machinery, Construction & Material Handling Equipment, Railway equipment, and many others jumped 3 percent in the day’s trade upon posting its Q4FY24 results with a 16 percent jump in Net Profits.  With a market capitalization of Rs. 38,665 Crores, the shares of Escorts Kubota Limited [...]
Auto stocks to buy now for an upside of 23% given by Jefferies; Do you own any?

Auto stocks to buy now for an upside of 23% given by Jefferies; Do you own any?

In FY24-25, the Indian automobile industry witnessed a notable upswing, marked by a 12.5% surge in domestic sales over the preceding year. This expansion was fueled by strong economic fundamentals, supportive government initiatives, and a growing emphasis on sustainability practices like ethanol blending and the adoption of electric vehicles (EVs).  Jefferies Group stands as a [...]
Nifty 50 falls 833 points in 5 sessions; Check here to know why

Nifty 50 falls 833 points in 5 sessions; Check here to know why

Indian Benchmark Indices were on a bearish tone from the past couple of trading sessions with the Sensex dipping 2,563.25 points (3.42 percent) in the last five trading sessions and closing today at 72,404.17.  In addition, the Nifty 50 index, keeping the timeframe the same, reduced by 833.15 points (3.66 percent) and closed at 21,957.50. [...]
Defence stocks to buy now for upside of 35%; Are you holding any?

Defence stocks to buy now for upside of 35%; Are you holding any?

Nomura Holdings Inc. is a global Financial Services Group with an integrated network spanning 30 regions and countries. The Group acts as market makers, trading in equity & fixed income securities, including interest rates, currencies, derivatives, and other structured products.  Recently, Nomura initiated coverage on the Defence sector with a buy rating, as the international [...]
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